/biz/ - Business & Finance

>>56139348
You basically are KEK I live at home and save 5000 a month all in link

$120k here. I don’t feel broke but I don’t think I live lavishly either. Feels pretty middle class desu. I can go out to nice dinners, go on a vacation if I want but I’m not buying a mansion or sports cars. I meticulously track my expenses. $120k gets burned away if you’re a belligerent normie and try flex like the niggercattle does

>>56139379
Basically this for me but I make ~$190k. I'm a turbo autist when it comes to managing my finances even though I'm not over materialistic. My goal is to be able to retire very comfortably before I'm 40 but I'll keep working anyway.

>>56139348
I make 63k and feel rich.
How tf do you feel broke ?
Also how does one make 130k without a shitty degree.
I'm 22 my teach me.

>>56139385
I'm in the same boat as you anon, $150-190k depending on overtime, looking to retire at 40 in a midtier country (dual citizen).

What's your plan for retirement income, living expenses, etc?

>>56139405
I could probably retire now if I move to a low cost country but my goal is to stay in the United States. I think I'll need $3-5 million. My monthly expenses are $4500 but could easily drop to $3000 or lower if I downsize some things.

$40k here and I live pretty comfy. If I made $80k, I would def get a personal assistant

>>56139442
Interesting, I feel we're very similar. I wrote up my retirement budget and first line is "what I need to live comfortably" sitting at $4000. But I did the math and frugal mode for family of 4 is doable on $2k where I'm retiring. Are you counting assets in that $3-5 mil or just shekels?

I think my plan is
>$200k invested with a modest 5% monthly return
>House paid off generating additional income from a rented coach house on the same property
>Vehicles paid off and another paid off apartment generating Airbnb $$$
>2 early pensions still generating significant income
>Find a WFH job or learn a trade now to do on the side if we need money
>>56139348
Seriously consider becoming a passport bro.

I’m 34 and make $22/hr. It’s over for me

>>56139348
I make 54k and basically get to buy whatever I want as long as it isn't actually anything meaningful in my life, like a home, rental property, business, medical procedure, a family, or a car which isn't constantly breaking down.
It's actually surreal because so long as I stay a in my basically decent 1br apartment, as a single man, with my 2008 Chevy Impala with a dented fender and a bullet-hole in the trunk, I basically get to buy whatever I want.
All the food, the booze, video games, creature comforts, obscure hobbyist-materials, speculative investments, even lingerie for the girl I've been fucking for the past year, constant car repairs, legal fees and everything else resulting from a DUI in 2019 which totaled my car, I'm BASICALLY in the black no matter what the fuck happens. I could eat avocado toast twice a day for a year.

Just as long as I don't actually get to actually own anything.

>>56139558
You will own nothing

>>56139525
I never hold a lot of cash. I'm talking about assets. Ideally, I could count on ETH staking rewards once ETH reaches $10k+. Or I could sell all my crypto, put the proceeds into VTSAX and safely withdraw 3% of it every year.
>Seriously consider becoming a passport bro.
I've thought about this but I've taken sex tourist vacations in the past that got pretty boring after 2-3 weeks.

>>56139558

Just save your money?

>>56139574
All of these threads are fake shit anyway
>BROS I MAKE 40K BUT MY RENT IS ONLY 600 BUCKS BECAUSE I LIVE IN A SHED I'M SOOOOO POOR
>BROS I MAKE 2000K BUT I FEEL SO POOR HOW CAN ANYONE LIVE LIKE THIS
No one on /biz/ is posting their real incomes, portfolios or trades because they are all paranoid. The only people who could do that are the ones who lost all their money on shitcoins anyway.

>>56139564
I was talking to OP about the passport thing, you seem to have your shit figured out. What is your industry/vocation, or are you making sub $200k solely off crypto?

>>56139585
I'm not counting any crypto towards my current income. It's all work and small side hustles. I'm in healthcare.

>>56139558
I make $140k a year and I blow 35% of my take home income on lawn care equipment, swimming pool chemicals, golf memberships and high end antique furniture (indoor and outdoor).

>>56139562
That's fine. If only it made me happy.

Unironically though a friend of mine makes nearly 200k (maybe more?) in medical sales, and insists that no matter how much money you make, there's no way to be happy and avoid debt. He makes this money and bought an obscenely luxurious condo that costs more in HOA fees than 3x my monthly rent (not the mortgage - just the fees each month) and insists that no matter what happens, no matter who you are, this happens to everyone who finds themselves in his position.
>>56139574
Save my money for what? The shit does not add up. Unironically Pajeet-tier thinking that you can actually nickel-and-dime your way to a million dollars. You can forsake all Earthly pleasures and subsist on a diet of unseasoned lentils and rice for four years in a row, and you will be .5% closer to living the dream than if you spent freely.
Throw away literal years of your life and in half a decade you can put 10% down on a condo instead of 3%, saving you a whopping $65 per month in monthly payments in exchange for locking up thousands of dollars in an illiquid asset.... Save up money for what? This is America. Did your Nigerian parents never tell you that money is free, and that in the time it takes you to save one dollar, you could have borrowed $150,000? Loser.

>>56139379
>>56139348
>>56139405

You guys are retarded desu. I make around 40-45k (net under 40k after taxes) and I still save about $1000 per month. And that's with paying for my own 1 bedroom apartment in a good neighborhood.

If you can't manage that...on triple my income, then you're just absolutely retarded with money and probably buy stupid shit or way overpay for housing. If I made even 60k I would feel like a god, I wouldn't know what to do with the extra money

>>56139622
Real tired of fly over niggers trying to compare themselves to me. Try living near a city with a real life real tastes real 8/10 gf. No one cares that you save $1k. I’m real happy for you that you can manage to limit yourself to 2 funkopops, 1 video game, and 5 OF subscriptions per month. Dumb fucking nigger.

That's because you are broke. Median US household income in 1970 was $8700, that was 235oz of gold at the time, I'll do the math for you: MEDIAN household income in 1970 was $450k in 2023 dollars. You make 29% of the 1970 median, you are very very poor.

>>56139348
150k is the new 80k. You are just barely above poverty.

>>56139735
Shut the fuck up you 22 year old bald autistic jabroni

>>56139622
Wow, a whole $12k a year! Only 50 more years at that rate and you'll almost be able to afford a cuckshed!

>>56139348
Bait. Post your budget.

>>56139779
>Wow, a whole $12k a year! Only 50 more years at that rate and you'll almost be able to afford a cuckshed!

Yeah it's not ideal and I wish I was making more money, but if I was, that would only mean I was saving more money. That's what I don't understand about richfags making 6 figures who claim to be paycheck to paycheck.

If I was making 120k per year it means instead of saving $12k per year I would save 92k per year, essentially, if I maintained my current lifestyle, which isn't bad, just kinda boring.

>>56139611
>Unironically though a friend of mine makes nearly 200k (maybe more?) in medical sales, and insists that no matter how much money you make, there's no way to be happy and avoid debt
>bought an obscenely luxurious condo that costs more in HOA fees than 3x my monthly rent
He sounds retarded. Happiness doesn't come from material possessions, and spending that much on condo fees is just pissing money away. Living below your means is just math and budgeting, only people that are bad with their financials fall for that kind of lifestyle inflation.
>Save my money for what? The shit does not add up. Unironically Pajeet-tier thinking that you can actually nickel-and-dime your way to a million dollars.
It's possible for the guy making 200k+/year but you're right 54k/year is ridiculously hard to save into anything substantial. I made that when I started fulltime work in my 20s and saved and invested, bought an economy shitbox, but mostly saved 40% of my after-tax income.
8 years later and I earn 70k/year now (48k after tax), but my net worth if I exclude crypto is only ~200k. Getting lucky in crypto brings it up to 300k.
Lifestyle hasn't changed, still drive the same car, still live in the same apartment, guess I order food more often.
Sure it's better than nothing but I'm still waging, if I tried to retire today it's only $1k/month and it'd be a worse lifestyle than someone living off welfare because they get way cheaper public housing. I know a guy on welfare that gets 1k/mo that pays $170/mo for an apartment because it's subsidized and he basically gets a free $800/mo to spend on whatever he wants for the month, he orders food a few times a week, lives within walking distance to grocery stores, and just pirates all the entertainment he wants and plays every vidya all day, gets exercise walking.
Crazy that welfare enables people to live a better life than me, what a scam working turned out to be.

>>56139348

I make 120K and feel broke. There are ONLY 2 REASONS why this occurs:

1) you save every penny, and live a miserable life frugalmaxxing (like I do)
2) you spend it all like NPCs doThe other reason is because you spend it all like an NPC.

But the real truth is that 120K is the new 80K, due to inflation. I will never able to pay cash for a home. Even in the smallest towns, a 80K home pre-2020 is now 300K...

>>56140205
>I would save 92k per year

Not possible, due to taxes

>>56139348
I make 65k and I've been having to sell crypto all year to get bad.
This is NOT fine.

>>56140388
>>56140388
To get by** goddammit this fucking phone is annoying

>>56140314
>Not possible, due to taxes

ok thank you pedant yes you are correct I guess I would just save whatever I made after taxes which would still probably be like 70-80k more than I'm used to

>>56139622
Retard, 2 of us you replied to said we're retiring at 40 later down the thread. Learn what IDs are you poor/newfag. Also
>$1k Savings / mo
Kek ngmi

>has all of the world's luxuries at his fingertips
>and a Gameboy
>crying and sad
Anon, you could make it to the moon and you'd still be miserable.

Wtf do you guys do that makes you 100k+? Software engineering?

>>56139591
>>56141823
Same, Healthcare.

I make 450k a year wfh and I feel bad everytime I go to mcdonalds (once a month) lol
Its over for poorfags.

You guys seems to forget that even with a six-figure income, you aren't making strides unless you're buying assets. Building wealth is a long process unless you inherit a bunch of money or win the lottery. Its more like cultivating a garden which requires time, attention, and finesse. More importantly, make sure you have your goals laid out before you, otherwise you'll just be wandering in the wilderness

>>56139581
That's because we're normally too busy to shitpost here. Year-End is coming up and I have to earn my keep.

WFH - travel once every three weeks or so
$135k Salary
$20k Bonus
$20k Stock

I got $40k as a carrot and you're damn right I'm gonna wageslave for that.

>>56142052
What do you do? I will work for you for 50k. You don't have to do barely any work.

>>56142157

He shitposts on /biz/ in between supermodel orgies, of course

>>56139348
>I make 130k and I still feel broke
You're still poor faggot. You don't worth up to 10 BTC and you can't afford to carry 5 virgins at once and comfortably settle them via CryptMi gateway with borrowing extra funds..

>>56140564
Taxes on $120k would be 30-40%, you'd save 105% of net income?

>>56140205
federal and state income taxes? property taxes? health/auto insurance? sales tax? vehicle registration?

>>56139622
perhaps the most perplexing thing about biz is how the fuck do so many people not understand cost of living? turns out in places where a sandwich is 2 bucks and nice apartment rents for 400 a month you can make dramatically less than places where a sandwich is 20 bucks and a nice apartment is 4000 a month. Until you agree on a set of standards to measure by the numbers mean nothing.

>>56139379
I make more than OP and I feel the same way, I'm not struggling, but I'm certainly not living in luxury either. And before everyone blows a gasket and says omgwtfhowdoUBBQ? Having a job that pays well also requires I live in a major city where absolutely fucking everything is expensive. A safe 1b1b within walking distance of things is 3500+ a 1b1b in unsafe places is over 2500. if you're willing to live 30 minutes away it's more like 2000, but then you need a car, and car insurance, and to pay for gas. Unless you're in bum fuck egypt 6 figures is the really the minimum required where you can lead a middle class life now. If you want to live middle class and actually save anything like retirement bump that to 125-150. it's going to be another 6 to 18 months before the major debt meltdown starts. student loans starting back up is going to be the straw that breaks the camels back.

>>56141823
depending what company my job title would either be site reliability engineer or systems engineer. The IT and cloud side of software. Coding side pays well too though.

I make $300k and feel like my bank account isn't moving up that fast

>>56143110
maybe stop eating $1000 dinners and fucking high end whores 3 times a week?

>>56139622
$1000/mo savings isn’t very good. Better than the average ‘tard out there but it’s really the bare minimum to retire at age 65 these days

>>56139348
if you work 9 to 5 everyone is basically broke, they all live like broke. you cant do anything with money cause there is not enough free time and the weekdays you are too exhausted from a bad night's sleep.

only way to feel rich is to make money with very little work or just have crazy amounts of invested money

>>56143354
Different guy who makes 300k. 300k is only about 15k a month after tax. I spend 5k and save 10k a month. Still 10k a month takes fucking forever to get to a million, and 1 million isn’t even that much. I invest everything in VTI but the market has been stagnant so I’m not benefitting from compound interest lately. 1% of a million every month is 100 months or over 8 years to get to a milly. I will still need to get to 4-5 million to feel secure enough to retire in comfort. So yes 300k/yr is good but not THAT good, still takes forever to get rich without gambling your money on pajeet rugpulls

>>56143354
I buy $50 sushi once or twice a week. But that's nothing compared to $3000 in rent every month

>>56143453
What do you do with the rest of the 120k, faggot? pay rent to your company? also 5k a month is huge, do you live in Beverly Hills?

>>56143529
120k goes to taxes, faggot. You know what a progressive tax system is? Our tax rates are high as fuck at this level

5k spend is NOT a lot, that’s literally an 85k salary after tax if you lived paycheck to paycheck. Very doable if you live a middle class lifestyle. You are probably a broke 20 year old living with mommy paying no rent or buying your own food if you think 5k /mo is a lot, or maybe a thirdie

>>56139622
>$12k a year
an unexpected car repair and a minor medical procedure will destroy your savings for the next year.

>>56143595
You count your net salary instead of your brute salary? what A FAGGOT. ;))
So your raw salary is actually 180k you lying faggot. Leave it up to Ameritards to count the net salary instead of what they are given in hand. Let me guess, you think you'll move to Florida and WFH so you don't pay any taxes and your salary will be 300k/yr.
Also where do you live/work that you pay so much? central New York? Washington DC with capitals D n C?
$2.75k for rent, $1000 for the car accounting for the yearly car insurance, $500 to pay utilities and $500 to pay for food?

>>56143691
>thinks that if you move to a state with no income tax that you pay nothing in federal tax
Retarded thirdie

>>56143691
Brute salary? The fuck 3rd world country are you from? Do you measure your salary in rubles per hour?

Tbh I should chill out on the restaurants. I don’t do deliver and don’t eat out except on the weekends.

>>56143761
>$342 at a restaurant
Lmao go fuck yourself. May as well light your wallet on fire. I'm sitting here eating imitation crab and cottage cheese for dinner and you're blowing 2 months of meals in a single night. The fuck did you buy?

>>56143383

I mean if he's saving $1k in a HYSA in addition to 401k/IRA contributions, he's in good standing.

>>56143725
We measure our salary monthly instead of yearly because they don't pay us weekly, only monthly, so we ironically are better with managing money than American claps.
>>56143719
>Federal tax
Land of freeeeeee. Am I rite? Also it still helps immensely if you lose that pesky income tax.
I find it funny how the private bank even gives you americans the chance to commit tax evasion when they know damn well how much your private company is paying you anually. Bunch of dicks to make you question yourselves.
That and it was a law specifically made so the elites can use it, but not the cattle, the gentiles.
You didn't answer my question, where do you live and what do you work that you pay so much and at the same time make so much?
>>56143761
Americans.... especially milennials and zoom zooms, they don't know hoe to cook. BOOOOO. You're 25+ and you don't know how to cook? gross. and some of you are even female, a female who can't cook isn't a woman. It's just a man without all the benefits.

>>56142052
>He goes to McDonalds
What are you, 8? McDonalds is for children.

>>56143761

It depends on your priorities. If eating out is how you like to spend your money, so be it. At least it isn't Funko Pops, NFTs, or other insane faggotry

>>56143891

Yeah I would have deleted the pic with the last four of my credit and debit cards too lmao

>>56143904
Last 4 means nothing. It had his 3rd worlder last name written on it. But there's a million rajeshs in the USA so it's not a real dox

>>56143909
>>56143904
Kek

>>56143919
Alexander?

i make $0 and am likely older than everyone itt and this is fine
you bitches zoomies are slaves to consooming

I make $300k and eat subway multiple times a week. Did I make it, boys?

>>56143942
Why not feed through CryptMi app rewards while buying your necessities..

I make 135k but I had to get a second job. Now my total annual is like 195k and I am barely getting by. Idk how some of you are surviving

>>56144339
This. I make 232k a year and I can't even afford silverware. I use a knife I found by an abandoned train car to chop up my microwaved hot dogs and then I eat them using toothpicks I took from some waiting rooms that I live nearby. 6 figure hell is rough.

i make $100k and feel poor. i ran the numbers and if, by some amazing stroke of luck, i get a promotion to $130k i'll be feeling a lot more comfy. but life doesn't really begin until you hit $160k.

>>56139622
nursing homes cost $10,000/month, good luck paying for that later with your $1,000/month

>>56144390
most people go into state run nursing homes which cut backdoor deals with medicare e.g. it costs $10k and they take all $2k of your monthly medicare except for $50, which is your monthly sundries allowance for goods not supplied by the nursing home.

>>56139525
>Modest 5% monthly
U wot?

>>56139348
I make 2 million/ year. My dog eats only wagyu. Shit sucks. I drowned my sorrows in a new Rolex submariner with the greenback paid cash. I wanted a Patek

>>56139399
>HCOL area
>Probably tech or finance
>STEM degree. Not meme ones like "software eng" but real engineering, maths, etc
>Probably shit financial skills.

>>56144390
I'm killing myself before nuking my wealth like that. My kids will understand.

This thread illuminated me into just how retarded this board is.

Anything under 15k/month is poverty tier. I make 200k and feel zero difference from making 75k. Cars and houses are unaffordable and everyday things like food and drugs are. The money I save monthly means nothing still will take a decade to save a meaningful amount aka still a slave to winning on investments. Basically you need to make a million a year

>>56139525
>5% monthly
>modest

>>56139348
Share them (with me) sure it Will make You free better ;D

>>56139366
I was doing this but lost my job last friday
I should be able to get a higher paying job, I was just being complacent.
If i up my income I will up the $$ i put into link
Also negotiating my severence agreement.
Right now its worth 1200 LINK
I'm hoping I can get them to triple it and then I'll be really stoked.

>>56139379
>>56139735
Fuck off schlomo you are a hopeless consoooooooooomer

>>56144813
Nobody can be this delusional

>>56139348
100k-250k is now lower to mid middle class.

>>56146898
>100k-250k
This is my least expenses via CryptMi in Miami beach, Florida. Thanks Ron de Santis for accepting digital assets.

>>56139348
How? I make 60k a year and feel like I'm no better off than the homeless.

I make 53k a year

I save 10k year while owning a 2br1b and my car is 1k away from being paid off. I turned down 70k/r promotion because the stress just wouldn't have been worth it.

>>56139525
>a modest 5% a month

>>56139348
>all these people saying $150k, $200k, $75k are unlivable
>tfw $16/hr, not enough work hours to be considered full time
>$20,000/year
AAAAAAAAAAAAAAAAAAAAA
(on a positive note, I've taken every spare cent and invested it in TOAD, so now I have $2,600 in a shitcoin that will either rug to zero or hit 1.87 billion marketcap, at which point I'll have $741,000)

>>56139348
I make 200$ a month
>t. Living in hyperinflation

>>56148232
Jesus Christ
Reading this thread makes me want to end my life even more now
Count your blessings brothers, unironically

>>56140564
>>56142443
>Taxes on $120k would be 30-40%, you'd save 105% of net income?

Right now I make like 35k per year and save about 12k per year (not including 401k investment of 150ish per month).

At 30% tax if I made 120k per year I'd take home 84,000 per year.

I currently save 12k per year which means I only spend 23k per year total on all my expenses per year. So if I had that job I would actually save 61k per year. So, my rough immediate guess was off by 9k, but still in the same ballpark.

Regardless, if I was making 120k, I would be saving well over 50 or 60 grand per year. I don't understand how richfags can't do this. Even if you're somewhere like California, how are you not at least saving 20-30k per year on that kind of salary?

>>56139558
>I make 54k
>I make do
Bro you are probably young. If you don't make bank right now you will be in serious trouble later.
Stop relaxing stop spending like that you broke fuck. Try to earn more fast

>>56148015
Got some bad news, it's going to zero.
But in the plus side, reliably so.

>>56148747
$120k - $2k health insurance - $14k retirement contributions (12%) = $104k taxable income - $29k taxes = $75k take home / 12 = $6.25k/mo take home

$100 car and renter insurance
$250 transportation (fuel, maintenance, etc. on a car)
$450 food
$1700 rent
$200 utilities
$100 phone/internet
$600 student loans (SAVE minimum payment on $104k taxable income)

$6.25k - $3.4k expenses (see above) = $2.85k/month savings = $34.2k/year
this assumes that you own your car outright.

>W-WHAT ABOUT THE RETIREMENT CONTRIBUTIONS?????
locked up until you're 103 years old, and that money has already been spent (on retirement.)

it gets even worse if you're a homo-owner. mortgage, taxes, insurance, and utilities on a $400k starter home with 20% down are about $3.2k/month vs. the $1.9k/month rent and utilities in the above sketch.

>>56139558
I only own a backpack and have a net worth of 350k in cyrpto. I am retired in South America. I live in a cheap hotel room ($200/month) playing PS5, working out at the beach and go to restaurants everyday.

I don't have a side job. My nest egg should serve me for the rest of my days. I have two unsupported daughters. I could easily go to jail over this, but the mother doesn't really know my full name or where I live.

>>56139348
Same here, I only hope my QANX investment moons else am fucked

>>56143354
Good for you

>>56139558
You'll be clear by 60.

>>56150268
It's a solid gem actually, It's my biggest bag too